German chemical companies boost US investment while domestic spending stagnates

8:48 AM MST | November 26, 2013 | Michael Ravenscroft

German chemical companies have invested more money abroad than domestically for the first time since 2001, chemical industry association VCI (Frankfurt) says. Fixed foreign investment by German chemical companies rose 25%, to €7.7 billion ($10.4 billion) in 2012, whereas domestic investment stagnated at €6.3 billion, VCI says. Just over half of that fixed foreign investment, €3.2 billion, or 54%, went to the United States. In contrast, only 28% went to the United States in 2005. German chemical companies have invested €6.5 billion in the...